Wall Street Live
Dollar's Haven Status Questioned, Gold and Tech Stocks Shine
By Athena Xu
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5/7, 10:27 EDT
- Market focus this week is on safe assets, with questions raised about the attractiveness of the US dollar as a haven currency and the best investment options for it.
- Concerns about the yen's haven status due to low rates and weakness, while the freezing of Russian reserves may boost interest in geopolitically unaligned assets like gold and Bitcoin.
- Large cap US tech stocks such as Microsoft and Apple are being considered as potential protection against both inflation and a looming recession.
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